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Banking & Finance

BankPlus hires Weems

BankPlus recently hired Ross Weems as First Vice President in the bank’s Private Client Group. He has been in the banking industry for over 8 years. Weems will be responsible for cultivating personal and business banking relationships and assisting clients with their various financial needs. A native of West Point, Weems holds a bachelor’s and master’s degree from Mississippi State University, ...

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Russell named VP of Community Bank Coast Region

Cindy Russell has been named Vice President of Community Bank Coast Region. A native of Pensacola, Florida, Russell recently served as Assistant Vice President and has been in banking for twenty-two years. In her new role, Russell will be responsible for Association Banking, Treasury Management, and Business Development. Active in her community, Russell serves on the board as President Elect ...

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Robinson promoted at Cadence Investment Services

Jerry Toney, Senior Wealth Advisor for Cadence Investment Services, announced that Cate Robinson has been promoted to wealth advisor in Starkville and received her designation as a Certified Financial Planner. Robinson became a member of the team at Cadence Bank in 2014. She then joined Cadence Investment Services in 2016 where she received her Series 7 and Series 66 registrations ...

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Mississippi bank to buy Louisiana bank for $86M in stock

A Mississippi bank is buying a Louisiana bank. The First Bancshares Inc. of Hattiesburg announced Tuesday that it’s buying FPB Financial Corp. for $86 million in stock. The Hammond, Louisiana-based company owns Florida Parishes Bank, with $383 million in assets and seven offices in the Hammond and New Orleans areas. The First’s would spread its Louisiana footprint, filling a hole ...

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Keesler opens on Lake Harbour Drive

MBJ staff Keesler Federal Credit Union has opened a location on Lake Harbour Drive in Ridgeland. The branch is the first of three that will open in the coming months as the credit union expands its footprint to all three counties in the metro Jackson market. The Ridgeland branch is located at 733 Lake Harbour Drive, next to Newk’s restaurant. ...

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Higher tax withholdings point to more jobs filled; Mississippi sectors index shows gains

By TED CARTER The value of an index tracking Mississippi’s key business sectors rose a full 1 percent in August, maintaining an upward trend that began five months ago, state economists said in the October “Mississippi Business Report.” The growth in value tracked in the Mississippi Lead Index, or MLI, occurred in all sectors other than manufacturing, said Corey Miller, ...

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Mississippi edges back into good graces of bond raters

By TED CARTER Mississippi’s $100 million in raids on its rainy-day fund and cuts of over $200 million in department and agency budgets the last two years showed bond raters the state can be serious about offsetting sagging revenue collections. The reward is a pair of ratings upgrades on around $350 million in 10-and-20-year general obligation bonds, as well as ...

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SBA puts stronger focus on small population areas with Rural Strong Initiative

By BECKY GILLETTE LaRosa The Rural Strong Initiative by the Small Business Administration (SBA) will put a stronger focus on nonurban areas of America, which includes small businesses in those areas throughout the country, said SBA Mississippi District Director Janita Stewart. Stewart said the Rural Strong Initiative Is particularly important for Mississippi with the state being so rural. The SBA ...

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Lifer joins Renasant Bank as VP

Nancy Lifer Renasant Bank is announced that Nancy Lifer has joined Renasant as Vice President and Business Development Officer. Lifer will be responsible for developing and expanding business and personal banking relationships and assisting clients with various financial needs in the Starkville area. Lifer is a graduate of Vanderbilt University with a Bachelor of Science in Economics, and a graduate ...

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